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Press Release
Wall Street comes to the Middle East; Regional office to operate from the landmark Bahrain Financial Harbour
Manama, Bahrain, January 27, 2009: The Wall Street Organization W.L.L. (WSOWLL), has announced the opening of its Middle East headquarters, within the premier financial district - Bahrain Financial Harbour.
According to WSOWLL's President, Mr. Stephen Cole, "The Wall Street Organization W.L.L." is a financial marketing company specializing in the marketing of capital formation for standard and securities transactions within the Middle East. Mr. Cole stated, "Businesses within the Middle East have traditionally depended heavily on bank finance for their start-up and expansion needs. Commercial loans account for around 70 per cent of their funding requirements. But experience has shown that commercial loans are often an inefficient, high cost and illiquid method of finance. There is a large and growing demand for the more efficient and more sophisticated forms of financing that the international capital markets can provide. Companies that aspire to world-class performance require a world-class international financial company to support them."
There are a number of factors pointing to an increase in the use of capital markets by companies, financial institutions and governments in the region. These include: The increasing need for IPOs and secondary offerings by growth companies within the Middle East region. The program of multiple privatizations (notably in the telecom and power sectors) enabling governments to release capital from state-owned assets and giving impetus to deregulation and market liberalization throughout the region.
Dr. Farid Alshabbar Middle East Operations Director of "The Wall Street Organization, W.L.L" stated: "WSOWLL will be utilizing innovative marketing strategies and techniques for the funding of its Middle East clients' transactions. We are very encouraged to offer our professional marketing services to businesses in both Bahrain and throughout the Middle East region."
Mr. Salwan Uchi, Leasing & Marketing Director of Bahrain Financial Harbour Holding Company (BFHHC) said, "We are, indeed, thrilled that an organization with such an impressive lineage has opted to launch its Middle East operations from Bahrain Financial Harbour and are happy to assist it in its endeavors. This US$3 billion self contained financial city and residential community is the ideal location for a high-profile international financial marketing company seeking to establish its presence in the cash-rich capital markets of the Middle East. Being a completely connected set-up with world class integrated technological systems, BFH provides a safe and friendly work environment that is geared to meeting the complex infrastructural and communication needs of financial and commercial entities like WSOWLL."
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Note to the editor
About BFH
A fully integrated, master-planned development, the US$ 3 billion Bahrain Financial Harbour (BFH), is creating a complete financial city, a self contained community and reinforcing Bahrain's unsurpassed position as the financial capital of the Middle East. A first of its kind development in the region, BFH is a highly focused, committed and advanced financial environment spread over 380,000 square metres of prime seafront property in the centre of Manama, Kingdom of Bahrain. Furthermore, it comprises 10 projects that uniquely combine business, leisure and residential components under one canopy. Phase I of the project ‘The Financial Centre' which includes the Harbour Towers - Bahrain's tallest towers and the Harbour Mall. The Financial Centre is operational and open for business.
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